To decrease volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:

1)
During the call auction, traders can place orders freely, but the
orders will not be active immediately. The real-time reference trading
price will be presented and calculated based on the Call-order price
from the largest amount of trades created. During this period, the order
book and the candlestick chart will also show the information about the
related price range and the market movement based on the real-time
reference (please note that the presented price is not the real trading
price).

2) During UTC 4:00 - 7:00 (3 hours in total), which is
the first stage of call auction, traders are allowed to place orders and
cancel orders freely.

3) During UTC 7:00 - 8:00 (1 hour in
total), which is the second stage of call auction, orders can be placed
freely by the traders, but orders cancellation are prohibited.

4)
When the call auction is finished, users will not be able to place or
cancel any orders. From UTC 8:00 - 8:30 (30 minutes in total), the sys.
will collect all the data and match the orders. Buy orders with prices
higher than the reference price and sell orders with prices lower than
the reference price will be matched and e xecuted (a portion of the
orders with a higher routed price may not be matched). The remaining
orders will go to the order book of the next trading stage
automatically.

5) After the call auction data collection, the will enable trading activities.

Attention:
The GMAT Startup price is 1 GMAT= 0.0010067 USDT. With the Call
Auction Mechanism, the market price will still be volatile and could see
pullbacks from its high opening price. Please refer to the previous announcement for the detailed rules of the call auction, and place your investment cautiously.

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